Mod Resources (LON:MOD) Rating Reiterated by Numis Securities

Mod Resources (LON:MOD)‘s stock had its “buy” rating reiterated by stock analysts at Numis Securities in a research note issued to investors on Thursday, LSE.Co.UK reports. They currently have a GBX 36 ($0.47) price objective on the stock. Numis Securities’ target price suggests a potential upside of 104.55% from the stock’s previous close.

Shares of MOD stock remained flat at $GBX 17.50 ($0.23) during trading on Thursday. 10,000 shares of the stock traded hands. The company has a current ratio of 1.70, a quick ratio of 1.49 and a debt-to-equity ratio of 0.02. Mod Resources has a 1 year low of GBX 12.92 ($0.17) and a 1 year high of GBX 24.47 ($0.32). The stock has a market cap of $40.51 million and a price-to-earnings ratio of -13.46.

About Mod Resources

MOD Resources Limited engages in the exploration of copper and silver in Botswana. It also explores for gold in New Zealand. The company owns a 70% interest in the T3 project, which includes 18 licenses covering an area of approximately 8,002 square kilometers located in the Kalahari Copper Belt; and a 100% interest in the Mahumo project consisting of 8 prospecting licenses covering an area of approximately 3,516 square kilometers located in the Kalahari Copper Belt, Botswana.

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